View ValuationVarroc Engineering 将来の成長Future 基準チェック /56Varroc Engineering利益と収益がそれぞれ年間45.8%と11.1%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に20.8% 43.7%なると予測されています。主要情報45.8%収益成長率43.67%EPS成長率Auto Components 収益成長18.6%収益成長率11.1%将来の株主資本利益率20.79%アナリストカバレッジLow最終更新日22 Apr 2026今後の成長に関する最新情報Price Target Changed • Jun 02Price target increased by 12% to ₹584Up from ₹523, the current price target is an average from 5 analysts. New target price is 10% above last closing price of ₹529. Stock is down 5.6% over the past year. The company is forecast to post earnings per share of ₹24.20 for next year compared to ₹4.01 last year.Price Target Changed • Nov 18Price target decreased by 11% to ₹553Down from ₹620, the current price target is an average from 4 analysts. New target price is 11% above last closing price of ₹499. Stock is down 7.5% over the past year. The company is forecast to post earnings per share of ₹18.30 for next year compared to ₹35.80 last year.Price Target Changed • Aug 09Price target decreased by 11% to ₹570Down from ₹637, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₹556. Stock is up 45% over the past year. The company is forecast to post earnings per share of ₹19.70 for next year compared to ₹35.80 last year.Price Target Changed • May 22Price target increased by 8.0% to ₹636Up from ₹589, the current price target is an average from 6 analysts. New target price is 9.3% above last closing price of ₹582. Stock is up 91% over the past year. The company is forecast to post earnings per share of ₹26.13 for next year compared to ₹35.80 last year.Price Target Changed • Feb 10Price target increased by 13% to ₹551Up from ₹489, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₹533. Stock is up 95% over the past year. The company is forecast to post earnings per share of ₹36.61 for next year compared to ₹2.36 last year.Price Target Changed • Sep 13Price target increased by 9.1% to ₹414Up from ₹379, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₹434. Stock is up 11% over the past year. The company is forecast to post earnings per share of ₹15.73 for next year compared to ₹2.36 last year.すべての更新を表示Recent updatesお知らせ • May 18Varroc Engineering Limited to Report Q4, 2026 Results on May 27, 2026Varroc Engineering Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 27, 2026Reported Earnings • Feb 06Third quarter 2026 earnings: EPS misses analyst expectationsThird quarter 2026 results: ₹0.67 loss per share (improved from ₹3.10 loss in 3Q 2025). Revenue: ₹22.9b (up 10% from 3Q 2025). Net loss: ₹103.0m (loss narrowed 78% from 3Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Dec 11Varroc Appoints Namrata Parashar as Head of Marketing and CommunicationsVarroc has appointed Namrata Parashar as its new Head of Marketing and Communications. Parashar has more than two decades of experience in strategic marketing, brand building, and public relations. Parashar has built a distinguished career leading large-scale brand, reputation, and stakeholder engagement programs across India's financial and data ecosystems. One of the defining achievements of her professional journey has been shaping the CIBIL Score into one of India's most recognized and widely searched financial terms where she dedicated over 16 years of her career. Through impactful consumer education efforts and integrated marketing communication campaigns, she played a pivotal role in establishing the CIBIL Score as a household reference point for financial awareness and credit discipline in the country. At Varroc, Parashar will oversee corporate communications, brand strategy, media relations, and stakeholder engagement, with a focus on elevating the company's visibility within the automotive and technology sectors. Previously, she was Joint VP and Head of Communication at TransUnion CIBIL Limited.Buy Or Sell Opportunity • Dec 09Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 4.7% to ₹638. The fair value is estimated to be ₹523, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 272% in the next 2 years.New Risk • Nov 26New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₹8.30b (US$93.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (₹8.30b market cap, or US$93.0m).Reported Earnings • Nov 13Second quarter 2026 earnings: EPS and revenues miss analyst expectationsSecond quarter 2026 results: EPS: ₹3.99 (up from ₹3.64 in 2Q 2025). Revenue: ₹22.1b (up 5.9% from 2Q 2025). Net income: ₹609.5m (up 9.5% from 2Q 2025). Profit margin: 2.8% (up from 2.7% in 2Q 2025). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 38%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 31% per year.お知らせ • Nov 04Varroc Engineering Limited to Report Q2, 2026 Results on Nov 12, 2025Varroc Engineering Limited announced that they will report Q2, 2026 results at 9:08 AM, Indian Standard Time on Nov 12, 2025Buy Or Sell Opportunity • Oct 16Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 10% to ₹616. The fair value is estimated to be ₹508, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 289% in the next 2 years.Buy Or Sell Opportunity • Sep 15Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to ₹621. The fair value is estimated to be ₹507, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 289% in the next 2 years.お知らせ • Aug 02Varroc Engineering Limited to Report Q1, 2026 Results on Aug 07, 2025Varroc Engineering Limited announced that they will report Q1, 2026 results on Aug 07, 2025Upcoming Dividend • Aug 01Upcoming dividend of ₹1.00 per shareEligible shareholders must have bought the stock before 08 August 2025. Payment date: 20 September 2025. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.7%).お知らせ • Jul 18Varroc Engineering Limited Approves Management Changes, Effective July 31, 2025Varroc Engineering Limited at its meeting held on July 18, 2025 approved Mr. Ajay Kumar Sharma, Whole Time Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company has tendered his resignation from the position of Company Secretary & Compliance Officer (Key Managerial Personnel) of the Company, due to personal reasons, effective from close of business hours on July 31, 2025. Based on the recommendation of Nomination and Remuneration Committee, the Board of Directors, has approved the appointment of Mr. Anil Ghatiya as the Company Secretary and Compliance Officer (Key Managerial Personnel) of the Corporation with effect from, July 31, 2025. Profile of Mr. Anil Ghatiya: Mr. Anil Ghatiya is a commerce Graduate and a qualified Company Secretary. He started his carrier with Varroc Group in the year 2003 and was appointed as Company Secretary of Varroc Polymers Ltd. (now amalgamated with Varroc Engineering Ltd.) since January, 2005. He has more than two decades of experience and has been part of major corporate re-structuring including but not limited to IPO/Minimum Public Shareholding/merger-demerger/Overseas acquisitions/Sale of 4W lighting business etc. Mr. Anil Ghatiya is a commerce Graduate and a qualified Company Secretary. He started his carrier with Varroc Group in the year 2003 and was appointed as Company Secretary of Varroc Polymers Ltd. [now amalgamated with Varroc Engineering Ltd.) since January, 2005. He has more than two decades of experience and has been part of major corporate re- structuring including but not limited to IPO/Minimum Public Shareholding/merger- demerger/Overseas acquisitions/Sale of 4W lighting business etc.Price Target Changed • Jun 02Price target increased by 12% to ₹584Up from ₹523, the current price target is an average from 5 analysts. New target price is 10% above last closing price of ₹529. Stock is down 5.6% over the past year. The company is forecast to post earnings per share of ₹24.20 for next year compared to ₹4.01 last year.お知らせ • May 30Varroc Engineering Limited announces Annual dividend, payable on September 20, 2025Varroc Engineering Limited announced Annual dividend of INR 1.0000 per share payable on September 20, 2025, ex-date on August 08, 2025 and record date on August 08, 2025.Reported Earnings • May 30Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹14.01 (down from ₹35.80 in FY 2024). Revenue: ₹81.7b (up 8.2% from FY 2024). Net income: ₹612.3m (down 89% from FY 2024). Profit margin: 0.7% (down from 7.2% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 73%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • May 29Varroc Engineering Limited, Annual General Meeting, Aug 21, 2025Varroc Engineering Limited, Annual General Meeting, Aug 21, 2025, at 11:00 Indian Standard Time.お知らせ • May 22Varroc Engineering Limited to Report Q4, 2025 Results on May 29, 2025Varroc Engineering Limited announced that they will report Q4, 2025 results on May 29, 2025お知らせ • Mar 27Varroc Engineering Limited Appoints Hariprasad Rayapalyam as Head-LegalVarroc Engineering Limited at its Board of Directors meeting held on March 27, 2025, announced that Mr. Hariprasad Rayapalyam has been appointed as Head-Legal of the Company with effect from March 27, 2025. Accordingly, Mr. Hariprasad Rayapalyam shall be a Senior Management Personnel of the Company effective the said date. Mr. Hariprasad Rayapalyam is a seasoned General Counsel with 26 years of experience in legal, ethics & compliance - working for corporate and law firms in India and abroad. His last assignment was with ZF Commercial Vehicle Control systems India Ltd. wherein he was a Vice President/Head - Legal. He graduated with an L.L.M degree from LSU law school, USA and BSL; L.L.B from ILS, Pune. Mr. Hariprasad will head legal function for Varroc group across globe. Mr. Hariprasad Rayapalyam is not related to any of the Directors /Key Managerial Personnel /Senior Management Personnel.Buy Or Sell Opportunity • Mar 26Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 24% to ₹442. The fair value is estimated to be ₹553, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 401% in the next 2 years.Valuation Update With 7 Day Price Move • Mar 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹472, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 25x in the Auto Components industry in India. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹551 per share.Buy Or Sell Opportunity • Mar 10Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 26% to ₹433. The fair value is estimated to be ₹552, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 401% in the next 2 years.Buy Or Sell Opportunity • Feb 18Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to ₹438. The fair value is estimated to be ₹557, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 401% in the next 2 years.Valuation Update With 7 Day Price Move • Feb 17Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₹462, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 24x in the Auto Components industry in India. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹557 per share.New Risk • Feb 11New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin).Reported Earnings • Feb 11Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: ₹3.10 loss per share (down from ₹25.05 profit in 3Q 2024). Revenue: ₹20.8b (up 10% from 3Q 2024). Net loss: ₹474.3m (down 112% from profit in 3Q 2024). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 29Varroc Engineering Limited to Report Q3, 2025 Results on Feb 10, 2025Varroc Engineering Limited announced that they will report Q3, 2025 results on Feb 10, 2025お知らせ • Dec 19Varroc Engineering Limited Appoints Vidyadhar Madhukar Limaye as A Director / Whole Time DirectorVarroc Engineering Limited appointed Vidyadhar Madhukar Limaye as a director /whole time director of the company. TERM OF APPOINTMENT: 3 years i.e., from November 13, 2024 to November 12, 2027. Resolution passed by way of Postal Ballot through remote evoting process on December 18, 2024.Valuation Update With 7 Day Price Move • Dec 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹599, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 29x in the Auto Components industry in India. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹409 per share.Board Change • Nov 18Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. CEO of Varroc – Business II & Director Dhruv Jain was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Price Target Changed • Nov 18Price target decreased by 11% to ₹553Down from ₹620, the current price target is an average from 4 analysts. New target price is 11% above last closing price of ₹499. Stock is down 7.5% over the past year. The company is forecast to post earnings per share of ₹18.30 for next year compared to ₹35.80 last year.Reported Earnings • Nov 14Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: ₹3.64 (up from ₹3.55 in 2Q 2024). Revenue: ₹20.9b (up 11% from 2Q 2024). Net income: ₹556.8m (up 2.7% from 2Q 2024). Profit margin: 2.7% (down from 2.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 131% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 13Varroc Engineering Limited Announces Board ChangesVarroc Engineering Limited announced that Mr. Tarun Tyagi (DIN 10204986) has tendered his resignation from the position of Whole Time Director and Key Managerial Personnel of the Company due to personal reasons effective from November 13, 2024. would also like to inform that, post the above changes the composition of the Board of Directors of the Company will stand as below: Mr. Tarang Jain serves as the Chairman & Managing Director, leading the company’s strategic direction. Mr. Arjun Jain and Mr. Vidyadhar Limaye are both Whole-Time Directors, contributing their expertise to day-to-day operations and overall management. The Independent Directors include Mr. Gautam Khandelwal, Mr. Marc Szulewicz, Mrs. Vijaya Sampath, and Mr. Vinish Kathuria, each bringing their valuable perspective and independent judgment to the board. Mr. Dhruv Jain holds the position of Non-Executive Director, Non-Independent Director, offering additional governance insights without a direct role in the company’s operational management.お知らせ • Nov 05Varroc Engineering Limited to Report Q2, 2025 Results on Nov 13, 2024Varroc Engineering Limited announced that they will report Q2, 2025 results on Nov 13, 2024お知らせ • Aug 29Varroc Names Dr. Karl-Heinz Glander as Head of Research and Development for Business IIVarroc has named Dr. Karl-Heinz Glander as the head of Research and Development for Business II. Dr. Glander is to report to Dhruv Jain, Varroc Business II CEO. In the new role, Dr. Glander will manage RD activities for Business II, concentrating on developing advanced technologies like Advanced Driver Assistance Systems (ADAS), Driver Monitoring Systems (DMS), Driver and Occupant Monitoring Systems (DOMS), cockpit electronics, video telematics, and fleet management systems for the automotive industry. He will be responsible for driving the RD strategy, promoting innovation, and improving the firm's global market competitiveness. Dr. Glander has 20 years of experience in the automotive sector. His experience includes research and development, advanced technology, product innovation, and series development for mass production. He has served at companies like Aptiv, ZF Automotive/TRW, and Siemens VDO/Continental.Valuation Update With 7 Day Price Move • Aug 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₹605, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 30x in the Auto Components industry in India. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹342 per share.Price Target Changed • Aug 09Price target decreased by 11% to ₹570Down from ₹637, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₹556. Stock is up 45% over the past year. The company is forecast to post earnings per share of ₹19.70 for next year compared to ₹35.80 last year.Reported Earnings • Aug 08First quarter 2025 earnings released: EPS: ₹2.12 (vs ₹3.48 in 1Q 2024)First quarter 2025 results: EPS: ₹2.12 (down from ₹3.48 in 1Q 2024). Revenue: ₹19.0b (up 6.1% from 1Q 2024). Net income: ₹324.1m (down 39% from 1Q 2024). Profit margin: 1.7% (down from 3.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 31Varroc Engineering Limited to Report Q1, 2025 Results on Aug 07, 2024Varroc Engineering Limited announced that they will report Q1, 2025 results on Aug 07, 2024Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improves as stock rises 29%After last week's 29% share price gain to ₹660, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 27x in the Auto Components industry in India. Total returns to shareholders of 78% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹468 per share.Buy Or Sell Opportunity • Jun 05Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to ₹581. The fair value is estimated to be ₹454, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has grown by 109%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 2.1% per annum over the same time period.Price Target Changed • May 22Price target increased by 8.0% to ₹636Up from ₹589, the current price target is an average from 6 analysts. New target price is 9.3% above last closing price of ₹582. Stock is up 91% over the past year. The company is forecast to post earnings per share of ₹26.13 for next year compared to ₹35.80 last year.お知らせ • May 19Varroc Engineering Limited, Annual General Meeting, Sep 12, 2024Varroc Engineering Limited, Annual General Meeting, Sep 12, 2024, at 11:00 Indian Standard Time.Reported Earnings • May 18Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: ₹35.80 (up from ₹2.36 in FY 2023). Revenue: ₹75.8b (up 10% from FY 2023). Net income: ₹5.47b (up ₹5.11b from FY 2023). Profit margin: 7.2% (up from 0.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.1%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • May 11Varroc Engineering Limited to Report Q4, 2024 Results on May 17, 2024Varroc Engineering Limited announced that they will report Q4, 2024 results at 12:08 PM, Indian Standard Time on May 17, 2024New Risk • Mar 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 2.7% per year for the foreseeable future.Price Target Changed • Feb 10Price target increased by 13% to ₹551Up from ₹489, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₹533. Stock is up 95% over the past year. The company is forecast to post earnings per share of ₹36.61 for next year compared to ₹2.36 last year.New Risk • Feb 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 6.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 6.2% per year for the foreseeable future.Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: ₹25.05 (vs ₹1.34 in 3Q 2023)Third quarter 2024 results: EPS: ₹25.05 (up from ₹1.34 in 3Q 2023). Revenue: ₹18.9b (up 10% from 3Q 2023). Net income: ₹3.83b (up ₹3.62b from 3Q 2023). Profit margin: 20% (up from 1.2% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₹601, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 28x in the Auto Components industry in India. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹341 per share.お知らせ • Jan 19Varroc Engineering Limited to Report Q3, 2024 Results on Feb 07, 2024Varroc Engineering Limited announced that they will report Q3, 2024 results on Feb 07, 2024New Risk • Nov 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change).Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹555, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 23x in the Auto Components industry in India. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹280 per share.Reported Earnings • Nov 08Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: ₹3.55 (up from ₹1.27 loss in 2Q 2023). Revenue: ₹18.9b (up 3.6% from 2Q 2023). Net income: ₹542.3m (up ₹736.0m from 2Q 2023). Profit margin: 2.9% (up from net loss in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 01Varroc Engineering Limited to Report Q2, 2024 Results on Nov 07, 2023Varroc Engineering Limited announced that they will report Q2, 2024 results on Nov 07, 2023お知らせ • Sep 15Varroc Engineering Ltd Hires Tarun Tyagi as Whole Time DirectorVarroc Engineering Ltd. has Appointed Tarun Tyagi as Whole Time Director.Price Target Changed • Sep 13Price target increased by 9.1% to ₹414Up from ₹379, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₹434. Stock is up 11% over the past year. The company is forecast to post earnings per share of ₹15.73 for next year compared to ₹2.36 last year.Price Target Changed • Aug 11Price target increased by 8.9% to ₹379Up from ₹348, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ₹384. Stock is up 15% over the past year. The company is forecast to post earnings per share of ₹15.10 for next year compared to ₹2.36 last year.お知らせ • Aug 10Varroc Engineering Limited Announces Management ChangesVarroc Engineering Limited's Board of Directors at its meeting held on August 9, 2023 has also considered the following items. Mr. Rohit Prakash (DIN 02425849) has tendered his resignation from the position of Whole TimeDirector and Key Managerial Personnel of the Company due to personal reasons effective from August 9, 2023. The Board has placed on record its appreciation for the valuable contribution made and services rendered by Mr. Rohit Prakash during his tenure as Whole Time Director of the Company. The Board of Directors of the Company approved the appointment of Mr. Manoj Dhar as Group Chief Internal Auditor & Risk Officer of the Company effective from August 9, 2023, consequent to the retirement of present incumbent Mr. Lalit Dua. Mr. Manoj Dhar possesses more than 20 years of experience in organizations like Orient Electric Limited, Benetton India Pvt. Ltd. and ACC Limited. Academically, he is a Chartered Accountant with specialized Certifications in Internal Audits (CIA), Information System Audits (CISA) and Fraud Examination (CFE).Reported Earnings • Aug 10First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: ₹3.48 (up from ₹0.30 loss in 1Q 2023). Revenue: ₹18.1b (up 11% from 1Q 2023). Net income: ₹531.8m (up ₹577.5m from 1Q 2023). Profit margin: 2.9% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 03Varroc Engineering Limited to Report Q1, 2024 Results on Aug 09, 2023Varroc Engineering Limited announced that they will report Q1, 2024 results on Aug 09, 2023お知らせ • May 24Varroc Engineering Limited, Annual General Meeting, Sep 13, 2023Varroc Engineering Limited, Annual General Meeting, Sep 13, 2023, at 11:00 Indian Standard Time.Reported Earnings • May 24Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: ₹2.36 (up from ₹5.33 loss in FY 2022). Revenue: ₹69.2b (up 18% from FY 2022). Net income: ₹360.8m (up ₹1.18b from FY 2022). Profit margin: 0.5% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 34% per year.お知らせ • May 17Varroc Engineering Limited to Report Q4, 2023 Results on May 23, 2023Varroc Engineering Limited announced that they will report Q4, 2023 results on May 23, 2023Board Change • May 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Business Head of Global 4W Electronics & Non-India Lighting and Non-Executive Director Dhruv Jain was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 08Third quarter 2023 earnings released: EPS: ₹1.34 (vs ₹17.35 loss in 3Q 2022)Third quarter 2023 results: EPS: ₹1.34 (up from ₹17.35 loss in 3Q 2022). Revenue: ₹17.3b (down 45% from 3Q 2022). Net income: ₹204.0m (up ₹2.86b from 3Q 2022). Profit margin: 1.2% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 12% per year.お知らせ • Jan 17Varroc Engineering Limited to Report Q3, 2023 Results on Feb 07, 2023Varroc Engineering Limited announced that they will report Q3, 2023 results on Feb 07, 2023Reported Earnings • Nov 16Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: ₹1.27 loss per share (improved from ₹19.52 loss in 2Q 2022). Revenue: ₹18.5b (down 39% from 2Q 2022). Net loss: ₹193.7m (loss narrowed 94% from 2Q 2022). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.お知らせ • Nov 05Varroc Engineering Limited to Report Q2, 2023 Results on Nov 14, 2022Varroc Engineering Limited announced that they will report Q2, 2023 results on Nov 14, 2022お知らせ • Sep 29Varroc Engineering Limited Appoints K Mahendra Kumar as the Group's Chief Financial OfficerVarroc Engineering Limited announced the joining of K Mahendra Kumar as the Group's Chief Financial officer. He joins Varroc Group from Tube Investments of India Ltd. where he was an Executive Vice President and Chief Financial Officer for over five years. He joins Varroc Group from Tube Investments of India Ltd. where he was an Executive Vice President and Chief Financial Officer for over five years.Buying Opportunity • Sep 27Now 20% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be ₹433, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making.Buying Opportunity • Aug 22Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.3%. The fair value is estimated to be ₹415, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.1% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Aug 16First quarter 2023 earnings releasedFirst quarter 2023 results: Net income: (up ₹2.30b from 1Q 2022). Over the next year, revenue is forecast to grow 17%, compared to a 17% growth forecast for the Auto Components industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.Price Target Changed • Aug 16Price target decreased to ₹414Down from ₹449, the current price target is an average from 7 analysts. New target price is 24% above last closing price of ₹333. Stock is up 13% over the past year. The company is forecast to post earnings per share of ₹6.16 next year compared to a net loss per share of ₹5.33 last year.お知らせ • Aug 13+ 2 more updatesVarroc Engineering Limited Appoints Mr. Dhruv Jain, as Additional Director (Non-Executive Non-Independent)Varroc Engineering Limited at the SBM, the board has approved the appointment of Mr. Dhruv Jain, as an Additional Director (Non-Executive Non-Independent) effective from August 12, 2022, to hold office up to the upcoming Annual General Meeting and recommended to the members for their approval, his appointment as a Director (Non-Executive Non-Independent) of the Company, liable to retire by rotation. Mr. Dhruv Jain is currently Director of Varroc Lighting Systems Electronics S.r.l. He is responsible for the leading the Business Performance of the Electronics business unit ("EBU") of Varroc Lighting Systems. He also leads the ADAS and lighting electronics strategy for the EBU. Mr. Dhruv Jain holds a bachelor's degree in Economics from the University of Chicago.お知らせ • Aug 06Varroc Engineering Limited to Report Q1, 2023 Results on Aug 12, 2022Varroc Engineering Limited announced that they will report Q1, 2023 results on Aug 12, 2022Price Target Changed • Jul 13Price target decreased to ₹455Down from ₹494, the current price target is an average from 4 analysts. New target price is 44% above last closing price of ₹316. Stock is down 11% over the past year. The company is forecast to post earnings per share of ₹13.00 next year compared to a net loss per share of ₹5.33 last year.Reported Earnings • Jun 01Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: ₹5.33 loss per share (up from ₹46.75 loss in FY 2021). Revenue: ₹58.8b (down 48% from FY 2021). Net loss: ₹814.4m (loss narrowed 87% from FY 2021). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 42%. Over the next year, revenue is forecast to grow 128%, compared to a 20% growth forecast for the industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.お知らせ • May 20Varroc Engineering Limited to Report Q4, 2022 Results on May 30, 2022Varroc Engineering Limited announced that they will report Q4, 2022 results on May 30, 2022Price Target Changed • May 05Price target increased to ₹429Up from ₹394, the current price target is an average from 8 analysts. New target price is 10.0% above last closing price of ₹390. Stock is up 1.7% over the past year. The company is forecast to post a net loss per share of ₹51.22 next year compared to a net loss per share of ₹46.75 last year.Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. President & Business Head of Metallic and Additional Whole Time Director Rohit Prakash was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 19Varroc Reportedly Seeks to Sell Global Lighting Business for Up to $650 MillionVarroc Engineering Limited (NSEI:VARROC) is likely to sell its global lighting business Varroc Lighting System (VLS) at an enterprise value of up to INR 6.00 billion ($650 million) to a leading European component maker to pare its debt, multiple people aware of development told ET. The company has brought on board a European investment bank based in Paris a few months ago to look for buyers for its global lighting business where it makes head lamp, rear lamps, and fog lamps, added people in the know. "The sale exercise is currently undergoing a due diligence process with European component makers. It has annual revenue potential of more than INR 6 billion," said a person familiar with the development. After the deal, Varroc is likely to become debt free. VLS is the sixth largest automotive lighting maker globally, supplying parts to Ford and Jaguar Land Rover. VLS has 12 operating facilities for passenger cars in the Czech Republic, China, India, Mexico, Morocco, Turkey, Poland, Brazil and Romania, and two facilities in two-wheelers.お知らせ • Apr 01Beste Motor Co. Ltd. Provides Update on Arbitration Against Varroc Engineering Limited and VarrocCorp Holding BVBeste Motor Co. Ltd., a subsidiary of the TYC Brother Industrial Co. Ltd., has filed counterclaims in the arbitration proceedings, claiming that Varroc Engineering Limited and VarrocCorp Holding BV have violated the Shareholders Agreement and Alliance Agreement, and that Beste Motor Co. Ltd. is entitled to acquire the shares in the joint venture company held by VarrocCorp Holding BV. Beste Motor Co. Ltd. is discussing other related corresponding measures with lawyers. Beste Motor Co. Ltd. (¡¨Beste¡¨), a subsidiary of the Company, and VarrocCorp Holding BV, a subsidiary of Varroc Engineering Limited, a listed company in India, are parties to an ongoing ICC arbitration. Their disputes arise under the Shareholders Agreement, Alliance Agreement, and the Transition Management Agreement, and relate to the operation of the joint venture company Varroc TYC Corporation. Regarding the same arbitration event, Beste has responded to VarrocCorp Holding BV¡¦s claims, filed counterclaims against VarrocCorp Holding BV, and requested joinder of Varroc Engineering Limited to the arbitration. Subsequently, VarrocCorp Holding BV requested joinder of the Company as a respondent in the same arbitration event on February 23, 2022, and the Company received the ICC notice for such request on March 31, 2022. The Company received the electronic documents of the request for joinder on March 31, 2022. This is the same arbitration event which the Company has disclosed for Beste on December 3, 2021, and the Company has appointed Lee & Li Attorneys-at-law and Singapore lawyers to handle the related matters. This arbitration relates to disputes between the shareholders of the joint venture company, including their entitlement to purchase and/or sell their respective shares of the joint venture company. The arbitral tribunal, which has not yet been constituted, will ultimately determine the parties disputes.Buying Opportunity • Mar 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 3.9%. The fair value is estimated to be ₹370, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company became loss making over the last 3 years.Reported Earnings • Feb 15Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: ₹17.35 loss per share (down from ₹10.29 loss in 3Q 2021). Revenue: ₹31.5b (down 10% from 3Q 2021). Net loss: ₹2.65b (loss widened 91% from 3Q 2021). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 14%, compared to a 17% growth forecast for the industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.お知らせ • Feb 08Varroc Engineering Limited to Report Q3, 2022 Results on Feb 14, 2022Varroc Engineering Limited announced that they will report Q3, 2022 results on Feb 14, 2022Buying Opportunity • Feb 04Now 22% undervaluedOver the last 90 days, the stock is up 41%. The fair value is estimated to be ₹532, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company became loss making over the last 3 years.Buying Opportunity • Jan 19Now 21% undervaluedOver the last 90 days, the stock is up 39%. The fair value is estimated to be ₹542, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company became loss making over the last 3 years.Board Change • Dec 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. President & Business Head of Metallic and Additional Whole Time Director Rohit Prakash was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Price Target Changed • Nov 13Price target decreased to ₹345Down from ₹394, the current price target is an average from 7 analysts. New target price is 23% above last closing price of ₹280. Stock is down 5.7% over the past year. The company is forecast to post a net loss per share of ₹35.35 next year compared to a net loss per share of ₹46.75 last year.Reported Earnings • Nov 12Second quarter 2022 earnings released: ₹19.52 loss per share (vs ₹2.97 loss in 2Q 2021)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: ₹30.4b (up 3.5% from 2Q 2021). Net loss: ₹2.98b (loss widened ₹2.58b from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.Price Target Changed • Aug 17Price target decreased to ₹412Down from ₹452, the current price target is an average from 8 analysts. New target price is 39% above last closing price of ₹296. Stock is up 31% over the past year.Reported Earnings • Aug 06Full year 2021 earnings released: ₹46.75 loss per share (vs ₹0.014 profit in FY 2020)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: ₹113.0b (up 1.6% from FY 2020). Net loss: ₹6.32b (down ₹6.32b from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.Reported Earnings • Jun 06Full year 2021 earnings released: ₹46.75 loss per share (vs ₹0.014 profit in FY 2020)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: ₹114.3b (up 1.9% from FY 2020). Net loss: ₹5.24b (down ₹5.24b from profit in FY 2020).Analyst Estimate Surprise Post Earnings • Feb 10Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 15%, compared to a 20% growth forecast for the Auto Components industry in India.お知らせ • Feb 04Varroc Engineering Limited to Report Q3, 2021 Results on Feb 09, 2021Varroc Engineering Limited announced that they will report Q3, 2021 results on Feb 09, 2021Is New 90 Day High Low • Feb 03New 90-day high: ₹449The company is up 58% from its price of ₹284 on 05 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹370 per share.業績と収益の成長予測BSE:541578 - アナリストの将来予測と過去の財務データ ( )INR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2028110,2245,6375,577N/A53/31/202798,4354,2594,364N/A53/31/202688,4172,7033,212N/A512/31/202586,2161,763N/AN/AN/A9/30/202584,0941,3923,2527,441N/A6/30/202582,8281,339N/AN/AN/A3/31/202581,5416124,4787,367N/A12/31/202480,297975N/AN/AN/A9/30/202478,3915,2763,3926,041N/A6/30/202476,6365,262N/AN/AN/A3/31/202475,5195,4693,6426,385N/A12/31/202372,4815,297N/AN/AN/A9/30/202370,8621,6743,1695,585N/A6/30/202370,272938N/AN/AN/A3/31/202368,9123618806,862N/A12/31/202268,250-365N/AN/AN/A9/30/202265,968-8614,74713,156N/A6/30/202262,775-686N/AN/AN/A3/31/202258,442-814-2,1796,356N/A12/31/2021127,284-10,469N/AN/AN/A9/30/2021130,861-8,127-5,1423,584N/A6/30/2021129,697-5,545N/AN/AN/A3/31/202143,739755-3,0144,737N/A12/31/2020104,367-5,163N/AN/AN/A9/30/202097,355-4,566-2,7057,761N/A6/30/202095,265-3,944N/AN/AN/A3/31/2020111,219226614,137N/A12/31/2019115,1852,878N/AN/AN/A9/30/2019116,7783,577N/A12,453N/A6/30/2019119,8254,337N/AN/AN/A3/31/2019120,3654,252N/A4,739N/A12/31/2018118,6784,430N/AN/AN/A9/30/2018114,5314,591N/AN/AN/A6/30/2018108,7124,519N/AN/AN/A3/31/2018102,7884,503N/A10,748N/A3/31/201792,9883,131N/A6,765N/A3/31/201679,0923,694N/A2,905N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 541578の予測収益成長率 (年間45.8% ) は 貯蓄率 ( 6.9% ) を上回っています。収益対市場: 541578の収益 ( 45.8% ) はIndian市場 ( 16.2% ) よりも速いペースで成長すると予測されています。高成長収益: 541578の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 541578の収益 ( 11.1% ) Indian市場 ( 10.7% ) よりも速いペースで成長すると予測されています。高い収益成長: 541578の収益 ( 11.1% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 541578の 自己資本利益率 は、3年後には高くなると予測されています ( 20.8 %)成長企業の発掘7D1Y7D1Y7D1YAutomobiles 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 14:28終値2026/05/22 00:00収益2025/12/31年間収益2025/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Varroc Engineering Limited 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。15 アナリスト機関Arvind SharmaCitigroup IncMihir VoraEquirus Securities Private Limitednull nullEquirus Securities Private Limited12 その他のアナリストを表示
Price Target Changed • Jun 02Price target increased by 12% to ₹584Up from ₹523, the current price target is an average from 5 analysts. New target price is 10% above last closing price of ₹529. Stock is down 5.6% over the past year. The company is forecast to post earnings per share of ₹24.20 for next year compared to ₹4.01 last year.
Price Target Changed • Nov 18Price target decreased by 11% to ₹553Down from ₹620, the current price target is an average from 4 analysts. New target price is 11% above last closing price of ₹499. Stock is down 7.5% over the past year. The company is forecast to post earnings per share of ₹18.30 for next year compared to ₹35.80 last year.
Price Target Changed • Aug 09Price target decreased by 11% to ₹570Down from ₹637, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₹556. Stock is up 45% over the past year. The company is forecast to post earnings per share of ₹19.70 for next year compared to ₹35.80 last year.
Price Target Changed • May 22Price target increased by 8.0% to ₹636Up from ₹589, the current price target is an average from 6 analysts. New target price is 9.3% above last closing price of ₹582. Stock is up 91% over the past year. The company is forecast to post earnings per share of ₹26.13 for next year compared to ₹35.80 last year.
Price Target Changed • Feb 10Price target increased by 13% to ₹551Up from ₹489, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₹533. Stock is up 95% over the past year. The company is forecast to post earnings per share of ₹36.61 for next year compared to ₹2.36 last year.
Price Target Changed • Sep 13Price target increased by 9.1% to ₹414Up from ₹379, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₹434. Stock is up 11% over the past year. The company is forecast to post earnings per share of ₹15.73 for next year compared to ₹2.36 last year.
お知らせ • May 18Varroc Engineering Limited to Report Q4, 2026 Results on May 27, 2026Varroc Engineering Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 27, 2026
Reported Earnings • Feb 06Third quarter 2026 earnings: EPS misses analyst expectationsThird quarter 2026 results: ₹0.67 loss per share (improved from ₹3.10 loss in 3Q 2025). Revenue: ₹22.9b (up 10% from 3Q 2025). Net loss: ₹103.0m (loss narrowed 78% from 3Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Dec 11Varroc Appoints Namrata Parashar as Head of Marketing and CommunicationsVarroc has appointed Namrata Parashar as its new Head of Marketing and Communications. Parashar has more than two decades of experience in strategic marketing, brand building, and public relations. Parashar has built a distinguished career leading large-scale brand, reputation, and stakeholder engagement programs across India's financial and data ecosystems. One of the defining achievements of her professional journey has been shaping the CIBIL Score into one of India's most recognized and widely searched financial terms where she dedicated over 16 years of her career. Through impactful consumer education efforts and integrated marketing communication campaigns, she played a pivotal role in establishing the CIBIL Score as a household reference point for financial awareness and credit discipline in the country. At Varroc, Parashar will oversee corporate communications, brand strategy, media relations, and stakeholder engagement, with a focus on elevating the company's visibility within the automotive and technology sectors. Previously, she was Joint VP and Head of Communication at TransUnion CIBIL Limited.
Buy Or Sell Opportunity • Dec 09Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 4.7% to ₹638. The fair value is estimated to be ₹523, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 272% in the next 2 years.
New Risk • Nov 26New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₹8.30b (US$93.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (₹8.30b market cap, or US$93.0m).
Reported Earnings • Nov 13Second quarter 2026 earnings: EPS and revenues miss analyst expectationsSecond quarter 2026 results: EPS: ₹3.99 (up from ₹3.64 in 2Q 2025). Revenue: ₹22.1b (up 5.9% from 2Q 2025). Net income: ₹609.5m (up 9.5% from 2Q 2025). Profit margin: 2.8% (up from 2.7% in 2Q 2025). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 38%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 31% per year.
お知らせ • Nov 04Varroc Engineering Limited to Report Q2, 2026 Results on Nov 12, 2025Varroc Engineering Limited announced that they will report Q2, 2026 results at 9:08 AM, Indian Standard Time on Nov 12, 2025
Buy Or Sell Opportunity • Oct 16Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 10% to ₹616. The fair value is estimated to be ₹508, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 289% in the next 2 years.
Buy Or Sell Opportunity • Sep 15Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to ₹621. The fair value is estimated to be ₹507, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 289% in the next 2 years.
お知らせ • Aug 02Varroc Engineering Limited to Report Q1, 2026 Results on Aug 07, 2025Varroc Engineering Limited announced that they will report Q1, 2026 results on Aug 07, 2025
Upcoming Dividend • Aug 01Upcoming dividend of ₹1.00 per shareEligible shareholders must have bought the stock before 08 August 2025. Payment date: 20 September 2025. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.7%).
お知らせ • Jul 18Varroc Engineering Limited Approves Management Changes, Effective July 31, 2025Varroc Engineering Limited at its meeting held on July 18, 2025 approved Mr. Ajay Kumar Sharma, Whole Time Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company has tendered his resignation from the position of Company Secretary & Compliance Officer (Key Managerial Personnel) of the Company, due to personal reasons, effective from close of business hours on July 31, 2025. Based on the recommendation of Nomination and Remuneration Committee, the Board of Directors, has approved the appointment of Mr. Anil Ghatiya as the Company Secretary and Compliance Officer (Key Managerial Personnel) of the Corporation with effect from, July 31, 2025. Profile of Mr. Anil Ghatiya: Mr. Anil Ghatiya is a commerce Graduate and a qualified Company Secretary. He started his carrier with Varroc Group in the year 2003 and was appointed as Company Secretary of Varroc Polymers Ltd. (now amalgamated with Varroc Engineering Ltd.) since January, 2005. He has more than two decades of experience and has been part of major corporate re-structuring including but not limited to IPO/Minimum Public Shareholding/merger-demerger/Overseas acquisitions/Sale of 4W lighting business etc. Mr. Anil Ghatiya is a commerce Graduate and a qualified Company Secretary. He started his carrier with Varroc Group in the year 2003 and was appointed as Company Secretary of Varroc Polymers Ltd. [now amalgamated with Varroc Engineering Ltd.) since January, 2005. He has more than two decades of experience and has been part of major corporate re- structuring including but not limited to IPO/Minimum Public Shareholding/merger- demerger/Overseas acquisitions/Sale of 4W lighting business etc.
Price Target Changed • Jun 02Price target increased by 12% to ₹584Up from ₹523, the current price target is an average from 5 analysts. New target price is 10% above last closing price of ₹529. Stock is down 5.6% over the past year. The company is forecast to post earnings per share of ₹24.20 for next year compared to ₹4.01 last year.
お知らせ • May 30Varroc Engineering Limited announces Annual dividend, payable on September 20, 2025Varroc Engineering Limited announced Annual dividend of INR 1.0000 per share payable on September 20, 2025, ex-date on August 08, 2025 and record date on August 08, 2025.
Reported Earnings • May 30Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹14.01 (down from ₹35.80 in FY 2024). Revenue: ₹81.7b (up 8.2% from FY 2024). Net income: ₹612.3m (down 89% from FY 2024). Profit margin: 0.7% (down from 7.2% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 73%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • May 29Varroc Engineering Limited, Annual General Meeting, Aug 21, 2025Varroc Engineering Limited, Annual General Meeting, Aug 21, 2025, at 11:00 Indian Standard Time.
お知らせ • May 22Varroc Engineering Limited to Report Q4, 2025 Results on May 29, 2025Varroc Engineering Limited announced that they will report Q4, 2025 results on May 29, 2025
お知らせ • Mar 27Varroc Engineering Limited Appoints Hariprasad Rayapalyam as Head-LegalVarroc Engineering Limited at its Board of Directors meeting held on March 27, 2025, announced that Mr. Hariprasad Rayapalyam has been appointed as Head-Legal of the Company with effect from March 27, 2025. Accordingly, Mr. Hariprasad Rayapalyam shall be a Senior Management Personnel of the Company effective the said date. Mr. Hariprasad Rayapalyam is a seasoned General Counsel with 26 years of experience in legal, ethics & compliance - working for corporate and law firms in India and abroad. His last assignment was with ZF Commercial Vehicle Control systems India Ltd. wherein he was a Vice President/Head - Legal. He graduated with an L.L.M degree from LSU law school, USA and BSL; L.L.B from ILS, Pune. Mr. Hariprasad will head legal function for Varroc group across globe. Mr. Hariprasad Rayapalyam is not related to any of the Directors /Key Managerial Personnel /Senior Management Personnel.
Buy Or Sell Opportunity • Mar 26Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 24% to ₹442. The fair value is estimated to be ₹553, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 401% in the next 2 years.
Valuation Update With 7 Day Price Move • Mar 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹472, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 25x in the Auto Components industry in India. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹551 per share.
Buy Or Sell Opportunity • Mar 10Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 26% to ₹433. The fair value is estimated to be ₹552, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 401% in the next 2 years.
Buy Or Sell Opportunity • Feb 18Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to ₹438. The fair value is estimated to be ₹557, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 401% in the next 2 years.
Valuation Update With 7 Day Price Move • Feb 17Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₹462, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 24x in the Auto Components industry in India. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹557 per share.
New Risk • Feb 11New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin).
Reported Earnings • Feb 11Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: ₹3.10 loss per share (down from ₹25.05 profit in 3Q 2024). Revenue: ₹20.8b (up 10% from 3Q 2024). Net loss: ₹474.3m (down 112% from profit in 3Q 2024). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 29Varroc Engineering Limited to Report Q3, 2025 Results on Feb 10, 2025Varroc Engineering Limited announced that they will report Q3, 2025 results on Feb 10, 2025
お知らせ • Dec 19Varroc Engineering Limited Appoints Vidyadhar Madhukar Limaye as A Director / Whole Time DirectorVarroc Engineering Limited appointed Vidyadhar Madhukar Limaye as a director /whole time director of the company. TERM OF APPOINTMENT: 3 years i.e., from November 13, 2024 to November 12, 2027. Resolution passed by way of Postal Ballot through remote evoting process on December 18, 2024.
Valuation Update With 7 Day Price Move • Dec 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹599, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 29x in the Auto Components industry in India. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹409 per share.
Board Change • Nov 18Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. CEO of Varroc – Business II & Director Dhruv Jain was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Price Target Changed • Nov 18Price target decreased by 11% to ₹553Down from ₹620, the current price target is an average from 4 analysts. New target price is 11% above last closing price of ₹499. Stock is down 7.5% over the past year. The company is forecast to post earnings per share of ₹18.30 for next year compared to ₹35.80 last year.
Reported Earnings • Nov 14Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: ₹3.64 (up from ₹3.55 in 2Q 2024). Revenue: ₹20.9b (up 11% from 2Q 2024). Net income: ₹556.8m (up 2.7% from 2Q 2024). Profit margin: 2.7% (down from 2.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 131% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 13Varroc Engineering Limited Announces Board ChangesVarroc Engineering Limited announced that Mr. Tarun Tyagi (DIN 10204986) has tendered his resignation from the position of Whole Time Director and Key Managerial Personnel of the Company due to personal reasons effective from November 13, 2024. would also like to inform that, post the above changes the composition of the Board of Directors of the Company will stand as below: Mr. Tarang Jain serves as the Chairman & Managing Director, leading the company’s strategic direction. Mr. Arjun Jain and Mr. Vidyadhar Limaye are both Whole-Time Directors, contributing their expertise to day-to-day operations and overall management. The Independent Directors include Mr. Gautam Khandelwal, Mr. Marc Szulewicz, Mrs. Vijaya Sampath, and Mr. Vinish Kathuria, each bringing their valuable perspective and independent judgment to the board. Mr. Dhruv Jain holds the position of Non-Executive Director, Non-Independent Director, offering additional governance insights without a direct role in the company’s operational management.
お知らせ • Nov 05Varroc Engineering Limited to Report Q2, 2025 Results on Nov 13, 2024Varroc Engineering Limited announced that they will report Q2, 2025 results on Nov 13, 2024
お知らせ • Aug 29Varroc Names Dr. Karl-Heinz Glander as Head of Research and Development for Business IIVarroc has named Dr. Karl-Heinz Glander as the head of Research and Development for Business II. Dr. Glander is to report to Dhruv Jain, Varroc Business II CEO. In the new role, Dr. Glander will manage RD activities for Business II, concentrating on developing advanced technologies like Advanced Driver Assistance Systems (ADAS), Driver Monitoring Systems (DMS), Driver and Occupant Monitoring Systems (DOMS), cockpit electronics, video telematics, and fleet management systems for the automotive industry. He will be responsible for driving the RD strategy, promoting innovation, and improving the firm's global market competitiveness. Dr. Glander has 20 years of experience in the automotive sector. His experience includes research and development, advanced technology, product innovation, and series development for mass production. He has served at companies like Aptiv, ZF Automotive/TRW, and Siemens VDO/Continental.
Valuation Update With 7 Day Price Move • Aug 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₹605, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 30x in the Auto Components industry in India. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹342 per share.
Price Target Changed • Aug 09Price target decreased by 11% to ₹570Down from ₹637, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₹556. Stock is up 45% over the past year. The company is forecast to post earnings per share of ₹19.70 for next year compared to ₹35.80 last year.
Reported Earnings • Aug 08First quarter 2025 earnings released: EPS: ₹2.12 (vs ₹3.48 in 1Q 2024)First quarter 2025 results: EPS: ₹2.12 (down from ₹3.48 in 1Q 2024). Revenue: ₹19.0b (up 6.1% from 1Q 2024). Net income: ₹324.1m (down 39% from 1Q 2024). Profit margin: 1.7% (down from 3.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 31Varroc Engineering Limited to Report Q1, 2025 Results on Aug 07, 2024Varroc Engineering Limited announced that they will report Q1, 2025 results on Aug 07, 2024
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improves as stock rises 29%After last week's 29% share price gain to ₹660, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 27x in the Auto Components industry in India. Total returns to shareholders of 78% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹468 per share.
Buy Or Sell Opportunity • Jun 05Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to ₹581. The fair value is estimated to be ₹454, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has grown by 109%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 2.1% per annum over the same time period.
Price Target Changed • May 22Price target increased by 8.0% to ₹636Up from ₹589, the current price target is an average from 6 analysts. New target price is 9.3% above last closing price of ₹582. Stock is up 91% over the past year. The company is forecast to post earnings per share of ₹26.13 for next year compared to ₹35.80 last year.
お知らせ • May 19Varroc Engineering Limited, Annual General Meeting, Sep 12, 2024Varroc Engineering Limited, Annual General Meeting, Sep 12, 2024, at 11:00 Indian Standard Time.
Reported Earnings • May 18Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: ₹35.80 (up from ₹2.36 in FY 2023). Revenue: ₹75.8b (up 10% from FY 2023). Net income: ₹5.47b (up ₹5.11b from FY 2023). Profit margin: 7.2% (up from 0.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.1%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • May 11Varroc Engineering Limited to Report Q4, 2024 Results on May 17, 2024Varroc Engineering Limited announced that they will report Q4, 2024 results at 12:08 PM, Indian Standard Time on May 17, 2024
New Risk • Mar 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 2.7% per year for the foreseeable future.
Price Target Changed • Feb 10Price target increased by 13% to ₹551Up from ₹489, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₹533. Stock is up 95% over the past year. The company is forecast to post earnings per share of ₹36.61 for next year compared to ₹2.36 last year.
New Risk • Feb 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 6.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 6.2% per year for the foreseeable future.
Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: ₹25.05 (vs ₹1.34 in 3Q 2023)Third quarter 2024 results: EPS: ₹25.05 (up from ₹1.34 in 3Q 2023). Revenue: ₹18.9b (up 10% from 3Q 2023). Net income: ₹3.83b (up ₹3.62b from 3Q 2023). Profit margin: 20% (up from 1.2% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₹601, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 28x in the Auto Components industry in India. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹341 per share.
お知らせ • Jan 19Varroc Engineering Limited to Report Q3, 2024 Results on Feb 07, 2024Varroc Engineering Limited announced that they will report Q3, 2024 results on Feb 07, 2024
New Risk • Nov 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change).
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹555, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 23x in the Auto Components industry in India. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹280 per share.
Reported Earnings • Nov 08Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: ₹3.55 (up from ₹1.27 loss in 2Q 2023). Revenue: ₹18.9b (up 3.6% from 2Q 2023). Net income: ₹542.3m (up ₹736.0m from 2Q 2023). Profit margin: 2.9% (up from net loss in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 01Varroc Engineering Limited to Report Q2, 2024 Results on Nov 07, 2023Varroc Engineering Limited announced that they will report Q2, 2024 results on Nov 07, 2023
お知らせ • Sep 15Varroc Engineering Ltd Hires Tarun Tyagi as Whole Time DirectorVarroc Engineering Ltd. has Appointed Tarun Tyagi as Whole Time Director.
Price Target Changed • Sep 13Price target increased by 9.1% to ₹414Up from ₹379, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of ₹434. Stock is up 11% over the past year. The company is forecast to post earnings per share of ₹15.73 for next year compared to ₹2.36 last year.
Price Target Changed • Aug 11Price target increased by 8.9% to ₹379Up from ₹348, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of ₹384. Stock is up 15% over the past year. The company is forecast to post earnings per share of ₹15.10 for next year compared to ₹2.36 last year.
お知らせ • Aug 10Varroc Engineering Limited Announces Management ChangesVarroc Engineering Limited's Board of Directors at its meeting held on August 9, 2023 has also considered the following items. Mr. Rohit Prakash (DIN 02425849) has tendered his resignation from the position of Whole TimeDirector and Key Managerial Personnel of the Company due to personal reasons effective from August 9, 2023. The Board has placed on record its appreciation for the valuable contribution made and services rendered by Mr. Rohit Prakash during his tenure as Whole Time Director of the Company. The Board of Directors of the Company approved the appointment of Mr. Manoj Dhar as Group Chief Internal Auditor & Risk Officer of the Company effective from August 9, 2023, consequent to the retirement of present incumbent Mr. Lalit Dua. Mr. Manoj Dhar possesses more than 20 years of experience in organizations like Orient Electric Limited, Benetton India Pvt. Ltd. and ACC Limited. Academically, he is a Chartered Accountant with specialized Certifications in Internal Audits (CIA), Information System Audits (CISA) and Fraud Examination (CFE).
Reported Earnings • Aug 10First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: ₹3.48 (up from ₹0.30 loss in 1Q 2023). Revenue: ₹18.1b (up 11% from 1Q 2023). Net income: ₹531.8m (up ₹577.5m from 1Q 2023). Profit margin: 2.9% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 03Varroc Engineering Limited to Report Q1, 2024 Results on Aug 09, 2023Varroc Engineering Limited announced that they will report Q1, 2024 results on Aug 09, 2023
お知らせ • May 24Varroc Engineering Limited, Annual General Meeting, Sep 13, 2023Varroc Engineering Limited, Annual General Meeting, Sep 13, 2023, at 11:00 Indian Standard Time.
Reported Earnings • May 24Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: ₹2.36 (up from ₹5.33 loss in FY 2022). Revenue: ₹69.2b (up 18% from FY 2022). Net income: ₹360.8m (up ₹1.18b from FY 2022). Profit margin: 0.5% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 34% per year.
お知らせ • May 17Varroc Engineering Limited to Report Q4, 2023 Results on May 23, 2023Varroc Engineering Limited announced that they will report Q4, 2023 results on May 23, 2023
Board Change • May 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Business Head of Global 4W Electronics & Non-India Lighting and Non-Executive Director Dhruv Jain was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 08Third quarter 2023 earnings released: EPS: ₹1.34 (vs ₹17.35 loss in 3Q 2022)Third quarter 2023 results: EPS: ₹1.34 (up from ₹17.35 loss in 3Q 2022). Revenue: ₹17.3b (down 45% from 3Q 2022). Net income: ₹204.0m (up ₹2.86b from 3Q 2022). Profit margin: 1.2% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 12% per year.
お知らせ • Jan 17Varroc Engineering Limited to Report Q3, 2023 Results on Feb 07, 2023Varroc Engineering Limited announced that they will report Q3, 2023 results on Feb 07, 2023
Reported Earnings • Nov 16Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: ₹1.27 loss per share (improved from ₹19.52 loss in 2Q 2022). Revenue: ₹18.5b (down 39% from 2Q 2022). Net loss: ₹193.7m (loss narrowed 94% from 2Q 2022). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 05Varroc Engineering Limited to Report Q2, 2023 Results on Nov 14, 2022Varroc Engineering Limited announced that they will report Q2, 2023 results on Nov 14, 2022
お知らせ • Sep 29Varroc Engineering Limited Appoints K Mahendra Kumar as the Group's Chief Financial OfficerVarroc Engineering Limited announced the joining of K Mahendra Kumar as the Group's Chief Financial officer. He joins Varroc Group from Tube Investments of India Ltd. where he was an Executive Vice President and Chief Financial Officer for over five years. He joins Varroc Group from Tube Investments of India Ltd. where he was an Executive Vice President and Chief Financial Officer for over five years.
Buying Opportunity • Sep 27Now 20% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be ₹433, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making.
Buying Opportunity • Aug 22Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.3%. The fair value is estimated to be ₹415, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.1% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Aug 16First quarter 2023 earnings releasedFirst quarter 2023 results: Net income: (up ₹2.30b from 1Q 2022). Over the next year, revenue is forecast to grow 17%, compared to a 17% growth forecast for the Auto Components industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
Price Target Changed • Aug 16Price target decreased to ₹414Down from ₹449, the current price target is an average from 7 analysts. New target price is 24% above last closing price of ₹333. Stock is up 13% over the past year. The company is forecast to post earnings per share of ₹6.16 next year compared to a net loss per share of ₹5.33 last year.
お知らせ • Aug 13+ 2 more updatesVarroc Engineering Limited Appoints Mr. Dhruv Jain, as Additional Director (Non-Executive Non-Independent)Varroc Engineering Limited at the SBM, the board has approved the appointment of Mr. Dhruv Jain, as an Additional Director (Non-Executive Non-Independent) effective from August 12, 2022, to hold office up to the upcoming Annual General Meeting and recommended to the members for their approval, his appointment as a Director (Non-Executive Non-Independent) of the Company, liable to retire by rotation. Mr. Dhruv Jain is currently Director of Varroc Lighting Systems Electronics S.r.l. He is responsible for the leading the Business Performance of the Electronics business unit ("EBU") of Varroc Lighting Systems. He also leads the ADAS and lighting electronics strategy for the EBU. Mr. Dhruv Jain holds a bachelor's degree in Economics from the University of Chicago.
お知らせ • Aug 06Varroc Engineering Limited to Report Q1, 2023 Results on Aug 12, 2022Varroc Engineering Limited announced that they will report Q1, 2023 results on Aug 12, 2022
Price Target Changed • Jul 13Price target decreased to ₹455Down from ₹494, the current price target is an average from 4 analysts. New target price is 44% above last closing price of ₹316. Stock is down 11% over the past year. The company is forecast to post earnings per share of ₹13.00 next year compared to a net loss per share of ₹5.33 last year.
Reported Earnings • Jun 01Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: ₹5.33 loss per share (up from ₹46.75 loss in FY 2021). Revenue: ₹58.8b (down 48% from FY 2021). Net loss: ₹814.4m (loss narrowed 87% from FY 2021). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 42%. Over the next year, revenue is forecast to grow 128%, compared to a 20% growth forecast for the industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.
お知らせ • May 20Varroc Engineering Limited to Report Q4, 2022 Results on May 30, 2022Varroc Engineering Limited announced that they will report Q4, 2022 results on May 30, 2022
Price Target Changed • May 05Price target increased to ₹429Up from ₹394, the current price target is an average from 8 analysts. New target price is 10.0% above last closing price of ₹390. Stock is up 1.7% over the past year. The company is forecast to post a net loss per share of ₹51.22 next year compared to a net loss per share of ₹46.75 last year.
Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. President & Business Head of Metallic and Additional Whole Time Director Rohit Prakash was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 19Varroc Reportedly Seeks to Sell Global Lighting Business for Up to $650 MillionVarroc Engineering Limited (NSEI:VARROC) is likely to sell its global lighting business Varroc Lighting System (VLS) at an enterprise value of up to INR 6.00 billion ($650 million) to a leading European component maker to pare its debt, multiple people aware of development told ET. The company has brought on board a European investment bank based in Paris a few months ago to look for buyers for its global lighting business where it makes head lamp, rear lamps, and fog lamps, added people in the know. "The sale exercise is currently undergoing a due diligence process with European component makers. It has annual revenue potential of more than INR 6 billion," said a person familiar with the development. After the deal, Varroc is likely to become debt free. VLS is the sixth largest automotive lighting maker globally, supplying parts to Ford and Jaguar Land Rover. VLS has 12 operating facilities for passenger cars in the Czech Republic, China, India, Mexico, Morocco, Turkey, Poland, Brazil and Romania, and two facilities in two-wheelers.
お知らせ • Apr 01Beste Motor Co. Ltd. Provides Update on Arbitration Against Varroc Engineering Limited and VarrocCorp Holding BVBeste Motor Co. Ltd., a subsidiary of the TYC Brother Industrial Co. Ltd., has filed counterclaims in the arbitration proceedings, claiming that Varroc Engineering Limited and VarrocCorp Holding BV have violated the Shareholders Agreement and Alliance Agreement, and that Beste Motor Co. Ltd. is entitled to acquire the shares in the joint venture company held by VarrocCorp Holding BV. Beste Motor Co. Ltd. is discussing other related corresponding measures with lawyers. Beste Motor Co. Ltd. (¡¨Beste¡¨), a subsidiary of the Company, and VarrocCorp Holding BV, a subsidiary of Varroc Engineering Limited, a listed company in India, are parties to an ongoing ICC arbitration. Their disputes arise under the Shareholders Agreement, Alliance Agreement, and the Transition Management Agreement, and relate to the operation of the joint venture company Varroc TYC Corporation. Regarding the same arbitration event, Beste has responded to VarrocCorp Holding BV¡¦s claims, filed counterclaims against VarrocCorp Holding BV, and requested joinder of Varroc Engineering Limited to the arbitration. Subsequently, VarrocCorp Holding BV requested joinder of the Company as a respondent in the same arbitration event on February 23, 2022, and the Company received the ICC notice for such request on March 31, 2022. The Company received the electronic documents of the request for joinder on March 31, 2022. This is the same arbitration event which the Company has disclosed for Beste on December 3, 2021, and the Company has appointed Lee & Li Attorneys-at-law and Singapore lawyers to handle the related matters. This arbitration relates to disputes between the shareholders of the joint venture company, including their entitlement to purchase and/or sell their respective shares of the joint venture company. The arbitral tribunal, which has not yet been constituted, will ultimately determine the parties disputes.
Buying Opportunity • Mar 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 3.9%. The fair value is estimated to be ₹370, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company became loss making over the last 3 years.
Reported Earnings • Feb 15Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: ₹17.35 loss per share (down from ₹10.29 loss in 3Q 2021). Revenue: ₹31.5b (down 10% from 3Q 2021). Net loss: ₹2.65b (loss widened 91% from 3Q 2021). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 14%, compared to a 17% growth forecast for the industry in India. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 08Varroc Engineering Limited to Report Q3, 2022 Results on Feb 14, 2022Varroc Engineering Limited announced that they will report Q3, 2022 results on Feb 14, 2022
Buying Opportunity • Feb 04Now 22% undervaluedOver the last 90 days, the stock is up 41%. The fair value is estimated to be ₹532, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company became loss making over the last 3 years.
Buying Opportunity • Jan 19Now 21% undervaluedOver the last 90 days, the stock is up 39%. The fair value is estimated to be ₹542, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company became loss making over the last 3 years.
Board Change • Dec 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. President & Business Head of Metallic and Additional Whole Time Director Rohit Prakash was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Price Target Changed • Nov 13Price target decreased to ₹345Down from ₹394, the current price target is an average from 7 analysts. New target price is 23% above last closing price of ₹280. Stock is down 5.7% over the past year. The company is forecast to post a net loss per share of ₹35.35 next year compared to a net loss per share of ₹46.75 last year.
Reported Earnings • Nov 12Second quarter 2022 earnings released: ₹19.52 loss per share (vs ₹2.97 loss in 2Q 2021)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: ₹30.4b (up 3.5% from 2Q 2021). Net loss: ₹2.98b (loss widened ₹2.58b from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
Price Target Changed • Aug 17Price target decreased to ₹412Down from ₹452, the current price target is an average from 8 analysts. New target price is 39% above last closing price of ₹296. Stock is up 31% over the past year.
Reported Earnings • Aug 06Full year 2021 earnings released: ₹46.75 loss per share (vs ₹0.014 profit in FY 2020)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: ₹113.0b (up 1.6% from FY 2020). Net loss: ₹6.32b (down ₹6.32b from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.
Reported Earnings • Jun 06Full year 2021 earnings released: ₹46.75 loss per share (vs ₹0.014 profit in FY 2020)The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: ₹114.3b (up 1.9% from FY 2020). Net loss: ₹5.24b (down ₹5.24b from profit in FY 2020).
Analyst Estimate Surprise Post Earnings • Feb 10Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 15%, compared to a 20% growth forecast for the Auto Components industry in India.
お知らせ • Feb 04Varroc Engineering Limited to Report Q3, 2021 Results on Feb 09, 2021Varroc Engineering Limited announced that they will report Q3, 2021 results on Feb 09, 2021
Is New 90 Day High Low • Feb 03New 90-day high: ₹449The company is up 58% from its price of ₹284 on 05 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹370 per share.